Indians want to crash US dollar by 60%

[shiv]

first of all no india claimed that Re would hit 30/40 against dollar. It was foreign media.. and this thread op .. where is that troll from !?

 

[Mumbai Monitor]

You are aware of our mentally disturbed frequently reappearing spammer Vishal Rawat perhaps? This is him yet again.

Google search the name if you are not acquainted with it and his activities.

 

[Ronnam]

Well, here is how you develop without war. You build infrastructures, you educate your people. You reverse desertification of your land. You build hydro project to supply land with water during dry season and combined with a good industry so you can feed all your people. And you don't piss off your neighbor who has a way stronger military and has your capital in rocket artillery range.

But my does Earth need 8 Billion people ??

Now there are only 50,000 Lions in Africa.

 

[bronxbull]

I don't think it ever went below 44.

come on,hahahaha.

rupee at 45-50 ll be perfect.

 

[NKVD]

Interesting

 

[Jguo]

Right now the Rupee is doing much better than the Renminbi. Renminbi is crashing because our property bubble is starting to burst due to the massive debts.

Chinese economy is in big trouble.

Quite the contrary, The PBOC fixes the daily trading rate and range for the Yuan. The RMB's fall in the recent weeks was a planned and executed move the PBOC to try to boost growth, stabilize lending and have a more freely trading Yuan.

For an export oriented economy like China, having a lower exchange rate is good for the economy as it makes exports cheaper; it is what Abe has been attempting (and failing) in Japan with Abenomics.

But you are right that there is a complicated debt problem - let's hope there is a soft landing ahead.

 

[tranquilium]

Quite the contrary, The PBOC fixes the daily trading rate and range for the Yuan. The RMB's fall in the recent weeks was a planned and executed move the PBOC to try to boost growth, stabilize lending and have a more freely trading Yuan.

For an export oriented economy like China, having a lower exchange rate is good for the economy as it makes exports cheaper; it is what Abe has been attempting (and failing) in Japan with Abenomics.

But you are right that there is a complicated debt problem - let's hope there is a soft landing ahead.

I was discussing the issue with someone on Chinese forum. The opinion is that the recent dip in RMB is also aimed at short term opportunists. Basically, RMB would still appreciate in the long term, but it will do so in a sawtooth pattern so it will go up and down in the short term.

 

[Beidou2020]

Quite the contrary, The PBOC fixes the daily trading rate and range for the Yuan. The RMB's fall in the recent weeks was a planned and executed move the PBOC to try to boost growth, stabilize lending and have a more freely trading Yuan.

For an export oriented economy like China, having a lower exchange rate is good for the economy as it makes exports cheaper; it is what Abe has been attempting (and failing) in Japan with Abenomics.

But you are right that there is a complicated debt problem - let's hope there is a soft landing ahead.

A weaker RMB makes all imports of energy and raw materials much more expensive and will crush manufacturers. You can't export unless you make a good. You can't make a good unless you have energy and raw materials.

Weak currency boosting exports is the biggest myth ever created in economic history.

 

[XiangLong]

There is elections in 2014 and analyst say that if Narendra Modi becomes prime minister of india then $1 will be Rs 45.

Now $1 = Rs 62 (indian rupee)

I think India China war is the only event that will make $1 = Rs 45.

Well... that escalated quickly...

 

[faithfulguy]

It's about increasing the value of the rupee, not decreasing the value of the dollar.

Now why would you want that. It will make Indian good more expensive and decrease India's manufacturing competitiveness. It would allow foreigners to sell good in India for a much lower price.

A weaker RMB makes all imports of energy and raw materials much more expensive and will crush manufacturers. You can't export unless you make a good. You can't make a good unless you have energy and raw materials.

Weak currency boosting exports is the biggest myth ever created in economic history.

Not if the country produce its own raw material and energy. Weaker currency would indeed boost export. But not if the country needs to import raw materials and energy from abroad.

 

[Mumbai Monitor]

How can Bill Gates have $76 Billion when there are problems everywhere ??

I will give you credit for nerve (or is it stupidity?), posting under a near identical name to the one under which you were banned in a thread you started.

 

[xyxmt]

There is elections in 2014 and analyst say that if Narendra Modi becomes prime minister of india then $1 will be Rs 45.

Now $1 = Rs 62 (indian rupee)

I think India China war is the only event that will make $1 = Rs 45.

how would India china war strengthen India rupee?
thats against the normal wisdom

 

[bronxbull]

Think how.

 

[KAL-EL]

How can there be development without war when there are 2.8 billion people in China and India ??

What about animals, birds, trees and forests ??

What about all those Pelicans eating to much fish?

 

[KAL-EL]

IAn average man will eat 2 chickens in onme day.